Marilyn K. Spencer, Ph.D.Professor of Economics

ECON 2302Principles of MicroeconomicsHomepage

COURSE
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Microeconomics is the study
of how households, firms, industries and governments behave. Topics include:

Supply
and demand (a second opportunity if you've studied macroeconomics): price
as a market clearing mechanism and the sensitivity of quantity demanded (elasticities)
based on other factors

Consumer
or household behavior: factors that motivate individuals to make the choices
that they do

Businesses
or firms: the goals of the firm, costs, and market competition

Government's
influence on the choices made by households, firms, industries and other levels
of government: policies, regulations and laws that affect products, costs,
prices, revenues and incomes

My goal is success for every
student who enrolls in this course, in whatever way each individual student
defines success. My grading structure is such that the single most important
behavior for your success in this course is attending class. The second
most significant is reading the text.